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Pan African housing company Shelter Afrique has cited the increasing prices of construction materials such as steel and cement as a key barrier to achieving affordable housing in the continent.
Shelter Afrique acting Managing Director and Chief Financial Officer Kingsley Muwowo said the Ukraine-Russia conflict and the Covid pandemic have resulted in a sharp rise in prices of critical construction materials.
Russia is considered the fourth-largest steel exporter globally and serves over 150 countries.
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